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Results
31-Jan-23
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Analysis
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Data Patterns (India)
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Strong show
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Standalone net sales (including other operating income) of Data Patterns (India) for the quarter ended Dec 2022 has increased 155.04% to Rs 111.81 crore. Operating profit margin has jumped from 35.56% to 42.07%, leading to 201.73% rise in operating profit to Rs 47.04 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 24.89% to 37.92%. Employee cost decreased from 33.26% to 15.47%. Other expenses fell from 11.45% to 7.24%. Other income up 164.29% to Rs 1.85 crore. PBIDT rose 200.12% to Rs 48.89 crore. Provision for interest fell 19.25% to Rs 2.14 crore. PBDT rose 242.74% to Rs 46.75 crore. Provision for depreciation rose 21.97% to Rs 2.11 crore. Profit before tax grew 274.81% to Rs 44.64 crore. Provision for tax was expense of Rs 11.32 crore, compared to Rs 2.95 crore. Effective tax rate was 25.36% compared to 24.77%. Profit after tax rose 271.87% to Rs 33.32 crore. Nine month performance Net sales (including other operating income) of Data Patterns (India) has increased 91.26% to Rs 268.35 crore. Operating profit margin has declined from 38.09% to 36.69%, leading to 84.21% rise in operating profit to Rs 98.46 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 25.49% to 40.65%. Employee cost decreased from 29.55% to 18.63%. Other expenses fell from 10.01% to 7.44%. Other income up 291.30% to Rs 5.4 crore. PBIDT rose 89.42% to Rs 103.86 crore. Provision for interest fell 34.18% to Rs 4.91 crore. PBDT rose 108.89% to Rs 98.95 crore. Provision for depreciation rose 30.95% to Rs 6.22 crore. Profit before tax grew 117.57% to Rs 92.73 crore. Provision for tax was expense of Rs 24.08 crore, compared to Rs 10.46 crore. Effective tax rate was 25.97% compared to 24.54%. Profit after tax rose 113.46% to Rs 68.65 crore. Promoters’ stake was 45.76% as of 31 December 2022 ,compared to 45.62% as of 31 December 2021 .
Management Comments :
Srinivasagopalan
Rangarajan
Promoter, Chairman &
Managing Director said, “We exceeded our own internal goals by achieving
revenue growth of 2x times in 9MFY23, the best ever in
our company`s history. With the expectation of new
orders in Q4, we are focused on improving execution
effectiveness to promote operating leverage and
maintaining a diversified order book. With the new
manufacturing facility anticipated to commence in
Q4FY23, we are well positioned to benefit from the
strong sectoral tailwinds given our R&D prowess and
our manufacturing capabilities.”
| Data Patterns (India) : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 111.81 | 43.84 | 155.04 | 268.35 | 140.31 | 91.26 | 310.85 | 223.95 | 38.80 | | OPM (%) | 42.07 | 35.56 | 651 bps | 36.69 | 38.09 | -140 bps | 45.37 | 41.08 | 430 bps | | OP | 47.04 | 15.59 | 201.73 | 98.46 | 53.45 | 84.21 | 141.04 | 91.99 | 53.32 | | Other Inc. | 1.85 | 0.70 | 164.29 | 5.40 | 1.38 | 291.30 | 3.96 | 2.60 | 52.31 | | PBIDT | 48.89 | 16.29 | 200.12 | 103.86 | 54.83 | 89.42 | 145.00 | 94.59 | 53.29 | | Interest | 2.14 | 2.65 | -19.25 | 4.91 | 7.46 | -34.18 | 10.99 | 14.5 | -24.21 | | PBDT | 46.75 | 13.64 | 242.74 | 98.95 | 47.37 | 108.89 | 134.01 | 80.09 | 67.32 | | Depreciation | 2.11 | 1.73 | 21.97 | 6.22 | 4.75 | 30.95 | 6.63 | 5.57 | 19.03 | | PBT | 44.64 | 11.91 | 274.81 | 92.73 | 42.62 | 117.57 | 127.38 | 74.52 | 70.93 | | PBT before EO | 44.64 | 11.91 | 274.81 | 92.73 | 42.62 | 117.57 | 127.38 | 74.52 | 70.93 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 44.64 | 11.91 | 274.81 | 92.73 | 42.62 | 117.57 | 127.38 | 74.52 | 70.93 | | Taxation | 11.32 | 2.95 | 283.73 | 24.08 | 10.46 | 130.21 | 33.41 | 18.95 | 76.31 | | PAT | 33.32 | 8.96 | 271.87 | 68.65 | 32.16 | 113.46 | 93.97 | 55.57 | 69.10 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 33.32 | 8.96 | 271.87 | 68.65 | 32.16 | 113.46 | 93.97 | 55.57 | 69.10 | | EPS (Rs)* | 6.42 | 1.73 | 271.88 | 13.23 | 6.20 | 113.46 | 18.11 | 10.71 | 69.10 | | | * EPS is on current equity of Rs 10.38 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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